Construction output in South Korea decreased 6.9 percent from a year earlier in August 2019, following a revised 7 percent decline in the previous month. Building construction plunged 11.1 percent (vs -9.2 percent in July), whereas civil engineering rose 7.3 percent (vs 0.3 percent in July). On a monthly basis, construction output grew 0.3 percent. Construction Output in South Korea averaged 1.65 percent from 1998 until 2019, reaching an all time high of 25.70 percent in September of 2001 and a record low of -30.50 percent in August of 1998.

Construction Output in South Korea is expected to be -4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in South Korea to stand at 0.50 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2020, according to our econometric models.

South Korea Construction Output
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-28 10:45 PM Construction Output YoY May -5.3% -8.3% -4.2%
2019-07-30 11:00 PM Construction Output YoY Jun -6.3% -6.7% -3.6%
2019-08-29 11:00 PM Construction Output YoY Jul -6.2% -4.4% -5.9%
2019-09-29 11:00 PM Construction Output YoY Aug -6.9% -7% -4%
2019-10-30 11:00 PM Construction Output YoY Sep -6.9% -4.6%
2019-11-28 11:00 PM Construction Output YoY Oct
2019-12-29 11:00 PM Construction Output YoY Nov

South Korea Housing Last Previous Highest Lowest Unit
Housing Index 99.60 99.60 100.00 33.60 Index points [+]
Construction Orders 2976163.00 3291342.00 10989605.00 23.00 KRW Million [+]
Construction Output -6.90 -7.00 25.70 -30.50 percent [+]
Home Ownership Rate 57.70 57.70 57.70 53.60 percent [+]

South Korea Construction Output

In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6.90 -7.00 25.70 -30.50 1998 - 2019 percent Monthly

Country Last Previous
Argentina -5.90 Aug/19
Australia -3.80 Jun/19
Euro Area 1.20 Aug/19
France -0.30 Aug/19
Germany 1.40 Aug/19
India -0.50 Aug/19
Italy 2.10 Aug/19
Mexico -2.88 Aug/19
Netherlands 2.20 Aug/19
Russia 0.30 Aug/19
South Korea -6.90 Aug/19
Spain 2.70 Aug/19
Switzerland -2.20 Jun/19
United Kingdom 2.40 Aug/19